World Famous Fashion Brands Transfer From China To Turkey
The head of a Turkey Exporters Association said that the world famous fashion brands, such as GAP, Adidas and Nike, are transferring most of their production from China to Turkey, because the prices of Asian giants are unstable.
The president of the Istanbul textile and raw materials exporters association said that some tycoons had encountered serious problems in China. Chinese suppliers do not deliver products. They use the price as an excuse to demand more money from buyers. Buyers are frustrated. Some major Western buyers decided to transfer their production to Turkey because of the ups and downs of cotton prices in China, they often had price disputes with Chinese suppliers.
The cost gap between Turkey and China is shrinking.
Some tycoons, such as
Turkey Company's new orders will pave the way for Turkey's export growth of about 30%. Adidas and Nike plan to increase Turkey Company's production orders by 25% and 30% respectively.
During the 2009 crisis, about 6000 factories were closed, mostly small workshops. Only about 1000 workshops are now being rebuilt. If business is on track, more factories will start.
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